ran up in end-April, post which it has completed a pullback. It has taken a strong support close to 0.000027 levels and is currently turning up. It has crossed above the 20-day EMA
, which shows that buyers are willing to pay a higher price to own the cryptocurrency.
It increases the probability of a move back to the highs, close to 0.000044 levels.
Hence, a long position can be taken at the current levels of 0.00003197 with a stop below 0.0000269 levels. Profits can be booked close to 0.000042 levels.